Nokia announces their first car GPS navigation device dubbed Nokia 330.

With the Nokia 330 the mobile phone giant takes on TomTom and Garmin.
The Nokia 330 features a 3.5 inch screen, 2GB memory card with Pan-European card, music player, photo viewer and video player. Nokia 330 Auto Navigation uses the ROUTE 66 Navigate 7 application and NAVTEQ map data.

I am not sure how much know-how of the acquired German company Gate5 already is in the 330. The Nokia 330 Auto Navigation is expected to be available in select channels in Europe during the fourth quarter 2006 at an estimated retail price of EUR 360 without taxes.
More details in this Nokia press-release.